The Ronin Bridge that connects Axie Infinity’s Ronin sidechain to Ethereum has been drained of 173,600 ETH ($590M) and 25.5M USDC in what may be DeFi’s biggest exploit yet.
Katana is an automated market maker (AMM) decentralized exchange (DEX) built on top of Ronin. Axie Infinity is a digital pet universe where players battle, raise, and trade fantasy creatures called Axies.
Axie Infinity has launched an automated market maker called Katana for its sidechain Ronin, and it had 25,000 people interact with it less than 10 hours into its existence, according to Jiho Zirlin, co-founder of the team that built the game.
Axie Infinity has just under $2.5B of its governance token, staked on its Ronin sidechain. That’s more than a quarter of AXS’s total circulating supply.
In this week’s episode, we speak with Gabby Dizon, co-founder of Yield Guild Games, or YGG. Long before Gabby was into crypto he was into gaming, and that’s how he started playing Axie Infinity, a blockchain-based game where players earn cryptocurrency just for playing. Gabby eventually became a well-known figure in the Axie community, spreading the word especially in…
This is Jam Session No. 1. We’ll be exploring the long term viability of NFTs as artist/creator communities, what we can learn from Hollywood and major platforms like Beats and the bright future of play-to-earn.